BE BULL AT START AND AGRESSIVE SELLER WHEN GAP FILLS. 23/3/2021
1.Market will open gap up nearly at 80 to 100 points on 23/3/2021.
There are 2 reasons a.Sgx nifty in green and my psychology.
2.why there is bullish opening?
so on 19/3/2021 candle we can clearly see a green candle which clearly shows buyers are interested at that level or we can say bulls didn't want market to go more down, also today on 22/3/2021 doji has form indicating equal bull bears. So here comes my psychology Since there is lockdown and covid news, this negative news wants to factor in market but since at this levels buyer are not allowing market to go down.
3. So when market gets open gap up on 23/3/2021 as soon as testing nearest resistance(14850) it will start the gap filling procedure making shorters an invitation at this time buyers are booking profit as well as new sellers are coming in market making it very bearish making it ending in red.
4.So does the technical analysis support my psychology? YES they do.
double top pattern , bearish flag (yellow arrow showing the visual) weak support which is on the urge of break.
SHIVAM MISHRA
- MGB
There are 2 reasons a.Sgx nifty in green and my psychology.
2.why there is bullish opening?
so on 19/3/2021 candle we can clearly see a green candle which clearly shows buyers are interested at that level or we can say bulls didn't want market to go more down, also today on 22/3/2021 doji has form indicating equal bull bears. So here comes my psychology Since there is lockdown and covid news, this negative news wants to factor in market but since at this levels buyer are not allowing market to go down.
3. So when market gets open gap up on 23/3/2021 as soon as testing nearest resistance(14850) it will start the gap filling procedure making shorters an invitation at this time buyers are booking profit as well as new sellers are coming in market making it very bearish making it ending in red.
4.So does the technical analysis support my psychology? YES they do.
double top pattern , bearish flag (yellow arrow showing the visual) weak support which is on the urge of break.
SHIVAM MISHRA
- MGB